Commercial Renovations can be anywhere in the City except in some parts of Manhattan- Areas that do not qualify: between 59th Street and 96th Street (including north side of 59th street and south side of 96th street).New Commercial Construction can be anywhere in the City except in some parts of Manhattan- The area south of 96th Street (including the south side 96th Street) and north of Murray, Frankfort, and Dover Streets does not qualify.Previously approved ICIP benefits were not affected.Īpplicants that successfully submitted their preliminary application within the required timeframe can use the combined Final ICIP/ICAP application below. ICAP replaced the Industrial Commercial Exemption Program (ICIP) which ended in 2008. To be eligible, industrial and commercial buildings must be built, modernized, expanded, or otherwise physically improved. This program provides abatements for property taxes for periods of up to 25 years. The NFP, ICIP, and ICAP 2022-23 renewal period has begun.
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